Sold NU Aug 1 2025 $11 Put (45 DTE)
Another weekly put for Nubank (NU)
We're using NU's trading range to sell short-dated $11 puts whenever the stock hovers near $12 — building a core position one premium at a time. If assigned, we take the shares and sell calls later; if not, we keep the cash and reset.
Here’s the full setup:
Entry
Sold NU Aug 1 2025 $11 Put (45 DTE)
NU250801P00011000
Opened: June 17, 2025
Entry Price: $0.23
Exit Target: $0.03 (To Close)
Underlying: $12.10
Buffer: 9.09%
Breakeven: $10.77
Max Risk: $1,100.00
Return: 1.82%
Prob. of Win: ~80%
Profit Target: $20.00Thesis
NU has been bouncing in a tight range — and we’re using that to our advantage.
At around $12, the stock offers a clean setup to sell puts just under support. This week, we sold the 8/1 $11 put for $0.23. That’s a ~20 delta trade with nearly 10% downside cushion — and a high probability of success.
But this isn’t a short-term trade we plan to flip.
NU is a core position for us. And $11 is a price we’re happy to buy at. Selling puts here lets us build that position on our terms — with the added benefit of being paid while we wait.
If the stock holds above $11, we keep the premium and reset.
If it dips below, we take assignment and move to the next phase: covered calls.
What We Do With Assignment
We don’t roll these puts.
If we get assigned, we simply take the shares — and wait. NU’s trading range gives us flexibility. We’ll typically let it drift back toward $12, then start selling covered calls to generate more income. Or, if the stock looks particularly attractive, we may just hold the shares outright.
Either way, we’re fine owning NU. This strategy is about accumulating a core position at opportunistic levels — not avoiding ownership.
How It’s Managed
This is a true set-and-forget setup.
No roll plan. If the stock breaks $11, we get shares — by design.
Premium is realized at expiration if the stock stays above the strike.
Covered calls come next — but only once the timing and price are right.
We’ll keep running this trade every few weeks as the opportunity presents itself. Same name. Same strike. Same playbook.
Over time, these small, repeatable moves build real ownership — without chasing, overpaying, or overreacting.